Qolo, an omni-channel payments platform, has raised $15m in its Series A funding round which will help continue its rapid team expansion.
The Raptor Group acted as the lead investor, with additional contributions coming from unnamed professional investors and strategic partners.
Over the past year, Qolo has tripled its staff and this fresh equity will help it continue its hiring drive. Alongside this, the FinTech company is funding the development of new products and its launch into international markets.
Founded in 2018, Qolo provides FinTechs with an omni-channel payments platform. The technology empowers companies to manage payments and offers tools for gig worker payouts, distribution payments, multi-currency and cross-border business transactions.
The company recently launched the beta version of its Qolo Accelerator program, which will help clients quickly get to market whilst maintaining product flexibility and program control, it said.
The Raptor Group managing partner and founder Jim Pallotta said, ?Weve always been focused on investing in companies to help them realize their vision faster, and we are thrilled to support the incredible growth and fantastic leadership team at Qolo.
?The Qolo team has built a unique platform which future-proofs FinTechs. Raptor is heavily focused on the sector and has seen how Qolo can assist our other portfolio companies. We recognize how unique Qolo is and are excited to be partnering with them.p>
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